Equinix To Acquire Three High-Performance Data Centers In The Philippines, Strengthening Southeast Asia Presence
Portfolio Pulse from Benzinga Newsdesk
Equinix is set to acquire three high-performance data centers in the Philippines, enhancing its presence in Southeast Asia. The all-cash deal, valued at approximately 15x the projected EBITDA at full utilization, is expected to close in the second half of 2024, pending customary closing conditions.
July 23, 2024 | 5:39 am
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Equinix is acquiring three high-performance data centers in the Philippines, which will strengthen its presence in Southeast Asia. The deal is valued at approximately 15x the projected EBITDA at full utilization and is expected to close in the second half of 2024.
The acquisition of three high-performance data centers in the Philippines will significantly enhance Equinix's presence in Southeast Asia, a growing market for data center services. The deal's valuation at 15x projected EBITDA indicates a strong potential for profitability, which is likely to positively impact Equinix's stock price in the short term.
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